Taxpayers owe state 38 MEUR

Taxpayers still owe the state 38 million euros as of the first nine months of the year, according to the Tax and Customs Board.

Of the total debt, 19.4 million euros is related to value-added tax and 4.4 million euros to the construction sector, the agency said.

“The efficiency of our risk analysis shows that 88 percent of the audits result in changes to tax payments,” said audits director Kaido Lemendik.

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State pays construction companies in 80 days

Construction companies that win public contracts are getting used to the fact that they are paid in 70 or 80 days after invoicing.

Since in many such cases, the projects are being co-financed by the European Union, the state simply tells the builder that it cannot pay faster because of EU regulations.

Janno Vink, CEO of Nordecon, says that since state and local governments account for about 70% of all construction, the problem is very acute.

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